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A company uses activity-based costing to determine the costs of its three products A, B, and C. The budgeted cost and activity for each of the company's three activity cost pools are shown in the following table: Activity Cost Pool Activity Activity 2 Activity 3 Budgeted Cost $70,000 $45,000 $82,000 Budgeted Activity Product A Product 6,000 9.000 70001 150001 2,500 1000 Product C 20,000 8,000 1625 Which of the following statements is true regarding this company's activity rates? The activity rate under the activity-based costing system for Activity 2 is $2.00. The activity rate under the activity-based costing system for Activity 2 is $16.00. O The activity rate under the activity based costing system for Activity 2 is $1.50. The activity rate under the activity based costing system for Activity 2 is $19.50 The activity rate under the activity-based costing system for Activity 2 is $2.81